By William Gullotti
Buffalo, N.Y., March 31 – Citigroup Global Markets Holdings Inc. priced $1.56 million of autocallable contingent coupon equity-linked securities due March 31, 2027 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will pay a contingent monthly coupon at an annualized rate of 4.8% if the index closes at or above the coupon barrier level, 70% of the initial level, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above the initial level on any quarterly valuation date after one year.
If the notes are not called and the index finishes at or above 70% buffer level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% decline below 30%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,561,000
|
| Maturity: | March 31, 2027
|
| Coupon: | 4.8% annually, payable monthly if index closes at or above coupon barrier on the corresponding valuation date
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and the index finishes at or above buffer level, par plus final coupon; otherwise, 1% loss for every 1% decline below buffer level
|
| Call: | Automatically at par plus contingent coupon if index closes at or above initial level on any quarterly valuation date after one year
|
| Initial level: | 4,543.06
|
| Coupon barrier: | 3,180.142; 70% of initial level
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| Buffer level: | 3,180.142; 70% of initial level
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17330AXS6
|
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